Learn more – Residential and Commercial Construction: 7 Crucial Differences Let’s take a look at the average price per square foot in commercial construction, and learn about how much it can differ depending on your project and its location. The cost per square foot on a commercial project can vary quite a bit from one project to another. This is especially true when you compare the costs of commercial projects in different areas of the country, as well as the types of commercial buildings. Between commercial construction being so cash-hungry and notoriously slow payments, contractors need to have a laser focus on their construction cost per square foot.īy controlling these costs with effective forecasting and keeping their eye on the budget, contractors can replenish their cash reserves with a healthy profit when the project wraps up. Companies working in the commercial industry need to have plenty of cash in reserve or easy access to a healthy credit line.
Commercial construction can be a lucrative business, but it’s not for the faint of heart.
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